Slovenia Inflation December 2015

Slovenia: Consumer prices decline again in December

January 1, 2016

Consumer prices decreased 0.4% in December over the previous month, which contrasted the 0.1% increase tallied in November. The monthly reading mainly reflected a steep drop in prices for clothing and footwear.

Consumer prices fell 0.5% in annual terms in December, which matched November’s reading. Meanwhile, annual harmonized consumer prices fell 0.6% in December, following the 0.9% decrease observed in the previous month. Annual average HICP fell 0.8% in December, which was down from October’s 0.7% decline.

The Central Bank expects HICP inflation to average 1.0% in 2016 and increase to 1.5% in 2017. Met the why particular Consensus Forecast participants expect HICP inflation to average 0.5% in 2016, which is down 0.1 percentage points over the previous month’s forecast. In 2017, the panel expects HICP inflation to accelerate to 1.3%.

Author:Carl Kelly, Economist

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